The Liquid Alpha fund of Asymmetric is gradually closing due to massive losses

ChainCatcher news, according to CoinDesk, Asymmetric's Liquid Alpha fund is gradually shutting down due to significant losses. Joe McCann stated that investors can redeem their funds or roll their capital into new illiquid investment strategies.

The company consists of multiple investment vehicles, and although the Liquid Alpha fund has underperformed, other parts of the business, particularly its venture capital strategy, remain intact. The venture capital division will continue to support early blockchain projects.